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==History==
It was founded by ] and ] on ], ] as the Tokyo Telecommunications Engineering with about 20 employees. Their first consumer product, in the late ], was a rice boiler. As it grew into a major international corporation, Sony acquired other companies with longer histories, including ] (the oldest continuously produced brand name in recorded sound, dating back to ]). Today ] is Honorary Chairman, ] is Chairman and CEO, and ] is president of the corporation.
]

===Brand change===
When ] was looking for a romanized name to use to market themselves, they strongly considered using their initials, ]. The primary reason they did not, is that the railway company ] was known as TKK.

The name "]" was chosen for the brand as a mix of the ] word ''sonus'', which is the root of sonic and sound, the ] word "sunny", and from the word ''Sonny-boys'' which is Japanese ] for "]".
However "Sonny" seemed not to be appropriate since it sounds too much like the Japanese ''soh-nee'' which means something like ''"business goes bad"'', furthermore, ] pushed for a word that does not exist in any language so that they could claim the word "]" as their own (which paid off when they sued a ] producer who also used the name who claimed that "]" was just an existing word in some language).

At the time of the change, it was extremely odd for a Japanese company to use Roman letters to spell its name, much less the phonetic script used in the Japanese writing, instead of Chinese characters.

The move was not without opposition; TTK's principal bank at the time, ], had strong feelings about the name. They pushed for a name such as Sony Electronic Industries, or Sony Teletech. ] was firm, however, as he did not want the company name tied to any particular industry. Eventually, both Ibuka and Mitsui Bank's chairman gave their approval.

=== Howard Stringer ===

On March 7th, 2005, Sony Corp. announced that Nobuyuki Idei will step down as Chairman and Group CEO and will be replaced by Briton Sir ], current Chairman and CEO of Sony Corporation of America, Corporate Executive Officer, Vice Chairman and COO Sony Entertainment Business Group. Sony's decision to replace Idei with Wales native Howard Stringer will mark the first time that a foreigner will run a major Japanese electronics firm. Sony Corp. also announced on the same date that current president, Kunitake Ando, will step down and be replaced by Ryoji Chubachi.

===Acquisitions===
In ], Sony acquired CBS (Columbia) Records Group from ]. It was renamed "]".

In ], Sony acquired ] from ] for US $3.4 billion. It was subsequently renamed "]".

In ], Sony had sales of US $63 billion and 189,700 employees. Sony acquired ] corporation in ].

Sony also owns ] channels in ] and channels aimed at Indian communities in ].

On July 20th, ], the ] approved a 50-50 merger between ] and ]. The new company will be called ] and will, together with ] partner ], control 60% of the world wide music market.

On September 13th 2004 a Sony-led consortium finalised the deal to purchase famous film studio ] for about $5 Billion, including $2Bn in debts.

===Legal===

In 2002, Sony Computer Entertainment America, marketer of the popular ] game consoles, was sued by ] of ], ] which claimed that Sony's PlayStation "Dual Shock" controllers infringed on Immersions patents. In 2004 a federal jury agreed with Immersion, awarding the company US$82 million in damages. A U.S. district court judge ruled on the matter in March, 2005 and not only agreed with the federal jury's ruling but also added another US$8.7 million in damages. ''Washington Post:''

===Criticism===

Sony has historically been notable for creating its own in-house standards for new recording and storage technologies instead of adopting those of other manufacturers and standards bodies. The most infamous of these was the ] of the early ], when Sony marketed its ] system for ]s against the ] format developed by ]. In the end, VHS gained critical mass in the marketplace and became the worldwide standard for consumer VCRs and Sony had no choice but to capitulate.

Sony has continued the same tactic with subsequent technologies; for example, it created ] to replace cassette tapes which left it in an awkward position when rivals later adopted ] and ]. Sony also makes heavy use of its ] flash memory cards for digital cameras and other portable devices, which few other manufacturers use. It also attempted to compete with the Iomega ] and ] with their ], but this proved a severe failure.

Since the introduction of the MiniDisc format, Sony has attempted to promote its own audio compression technologies under the ] brand, against more widely-used formats like MP3 and Windows Media Audio. Until late ], Sony's ] line of digital portable music players did not support the MP3 de facto standard natively, although the software provided with them would convert MP3 files into the ATRAC or ATRAC3 formats.


== Notable products and technologies == == Notable products and technologies ==

Revision as of 03:46, 13 May 2005

Sony Corporation
File:SONY.jpg
Company typePublic
ISINJP3435000009 Edit this on Wikidata
IndustryAudio & Video equipment
Founded1946 (in 1958, company took on current name)
HeadquartersShinagawa, Tokyo; numerous locations outside Japan
Key peopleNobuyuki Idei: Chairman and CEO (to be Sir Howard Stringer current vice-chairman of Sony and chief executive of Sony Corp. of America); Kunitake Ando: President (to be Ryoji Chubachi an excutive for Sony's electronics and networking divisons)
ProductsConsumer Electronics including television, digital cameras and camcorders, mobile audio and personal computers; Semiconductors; Electronic Components; PlayStation; Gaming (online); Music, Movies, and TV Program Content; others
Revenue$71.216 billion USD (2004)
Operating income971,865,000,000 yen (2021) Edit this on Wikidata
Net income1,191,375,000,000 yen (2021) Edit this on Wikidata
Total assets26,354,840,000,000 yen (2021) Edit this on Wikidata
Number of employees162,000
Websitewww.sony.net

Sony Corporation (Japanese katakana: ソニー) NYSE: SNE is a global consumer electronics corporation based in Tokyo, Japan. It is currently the world's largest producer of consumer electronics and is one of the biggest corporations in Japan and around the world.

Sony Corporation is traded on the Tokyo Stock Exchange under number 6758 and on the NYSE as SNE through ADR.

See also Sony Corporation shareholders and subsidiaries.


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Notable products and technologies

See also: List of Sony Trademarks

1950s

A 1969 Sony TC-630 reel-to-reel recorder

1960s

1970s

1980s

1990s

2000s


Question marks indicate products no longer sold as of 2005, but the year of withdrawal is unknown

See also

External links

Categories: